ARMENIAN AND RUSSIAN BANKING SYSTEMS MANAGED TO RESIST CRISIS IMPACT

PanARMENIAN.Net
12.11.2009 18:11 GMT+04:00

/PanARMENIAN.Net/ Notwithstanding the hard situation caused by
financial-economic recession, Armenian and Russian banking systems
managed to keep situation under control, Troika Dialogue company’s
board chairman Ruben Vardanyan told journalist today during the
official presentation of Ameriabank’s head office in Yerevan.

"Despite complicated situation and increased number of unreturned
credits. two countries maintained situation under control," he said.

In the meantime, Vardanyan noted that "Banking industry is evidently
livening up, and credit capacities increase. Costs are still high of
course, but there is money in the system," he added.